Nokia Corporation (NYSE: NOK) is 2.81% higher on its value in year-to-date trading and has touched a low of $2.94 and a high of $9.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOK stock was last observed hovering at around $4.06 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $4.76 for the next 12 months. It is also 33.88% off the consensus price target high of $6.08 offered by 29 analysts, but current levels are -9.24% lower than the price target low of $3.68 for the same period.
Currently trading at $4.02, the stock is -0.26% and -4.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 26.13 million and changing -0.99% at the moment leaves the stock -4.63% off its SMA200. NOK registered 33.55% gain for a year compared to 6-month gain of 6.35%. The firm has a 50-day simple moving average (SMA 50) of $4.0544 and a 200-day simple moving average (SMA200) of $4.0485.
The stock witnessed a 2.55% loss in the last 1 month and extending the period to 3 months gives it a 3.34%, and is -0.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.41% over the week and 3.08% over the month.
Nokia Corporation (NOK) has around 92039 employees, a market worth around $22.51B and $25.71B in sales. Fwd P/E is 14.01. Profit margin for the company is -11.50%. Distance from 52-week low is 36.73% and -58.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.50%).
Nokia Corporation (NOK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nokia Corporation (NOK) is a “Overweight”. 29 analysts offering their recommendations for the stock have an average rating of 2.80, where 13 rate it as a Hold and 3 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Nokia Corporation is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $5.82B over the same period.The EPS is expected to shrink by -20.70% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to grow 7.80% in year-over-year returns.
Nokia Corporation (NOK) Top Institutional Holders
505 institutions hold shares in Nokia Corporation (NOK), with 449.4k shares held by insiders accounting for 0.01% while institutional investors hold 4.71% of the company’s shares. The shares outstanding are 5.62B, and float is at 5.38B with Short Float at 0.57%. Institutions hold 4.71% of the Float.
The top institutional shareholder in the company is Neuberger Berman Group, LLC with over 28.07 million shares valued at $109.75 million. The investor’s holdings represent 0.49% of the NOK Shares outstanding. As of Dec 30, 2020, the second largest holder is Arrowstreet Capital, Limited Partnership with 21.8 million shares valued at $85.24 million to account for 0.38% of the shares outstanding. The other top investors are UBS Group AG which holds 12.69 million shares representing 0.22% and valued at over $49.62 million, while Acadian Asset Management holds 0.20% of the shares totaling 11.39 million with a market value of $44.54 million.
Nokia Corporation (NOK): Who are the competitors?
The company’s main competitors (and peers) include BlackBerry Limited (BB) that is trading 141.47% up over the past 12 months and Apple Inc. (AAPL) that is 96.00% higher over the same period. Motorola Solutions Inc. (MSI) is 39.84% up on the 1-year trading charts. Short interest in the company’s stock has fallen -57.85% from the last report on Feb 11, 2021 to stand at a total of 48.27 million short shares sold with a short interest ratio of 0.57.